Johannesburg - Shares of SA media firm Naspers [JSE:NPN] have hit a record high, after Russian firm Mail.ru, in which it has a nearly 30% stake, prices its initial public offering at the top of its guidance, raising $912m.
Mail.ru, an internet firm and Facebook investor, priced its London listing at $27.7 per share, valuing the company at $5.7bn and making it Europe's largest listed internet firm.
Shares of Naspers are up 2.43% at R379, the highest level since listing in 1994, according to Thomson Reuters data.
Mail.ru, an internet firm and Facebook investor, priced its London listing at $27.7 per share, valuing the company at $5.7bn and making it Europe's largest listed internet firm.
Shares of Naspers are up 2.43% at R379, the highest level since listing in 1994, according to Thomson Reuters data.